Thursday, August 20, 2009

Logistics and Transport News in Brief

A Smorgasbord of Announcements from around the World this week
Shipping News Feature

US, ILLINOIS – Menlo Worldwide Logistics, a subsidiary of Con-Way Incorporated, have announced the opening of their 350,000 square foot export logistics centre in Joliet. Initially the depot will utilise 200,000 square feet for the processing of the Caterpillar Inc. contract.

UK – The Freight Transport Association have expressed anxiety at the possibility of a skills gap once the country pulls out of recession. Many in the transport industry are men in their forties and the FTA is concerned that fewer young people are developing the skills needed to continue to provide the services which will be required.

AUSTRALIA – Linfox, the group owned by the Fox family, have been getting out of finance to free up more resources to invest in development of their logistics services. New Chairman Peter Fox, who succeeds his father Lindsay, said the group had signed a contract worth A$2 billion with National Foods and had expansion plans particularly into China.

NEW ZEALAND – The Port of Tauranga announced a profit rise of 7.3% but tempered it with news that a collapse of the commodity trade through the Port had caused a drop in container throughput of 4% annually to the end of June with operating revenue down by almost the same amount. Port officials are pressing for investment of hundreds of millions of dollars to modernise facilities and enable the handling of larger container vessels.

CHINA – A small rise in freight traffic in July meant that the Chinese rail system carried 0.3% more traffic than the equivalent period last year. This is the first increase over a comparative period for eight months. Combined cargo carriage fell in the first seven months to 1.88 billion tonnes, down by 63 million tonnes against the same period in 2008.